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National Vision Holdings vs Warby Parker: EYE and WRBY compared
National Vision Holdings is the larger company: $499M of revenue in its latest quarter (Q2 2026) against $245M for Warby Parker (Q3 2026). Warby Parker is growing faster (+10% against +2% a year earlier). National Vision Holdings is more profitable, with an operating margin of 4.3% against 1.5%.
Where the money goes: EYE and WRBY
National Vision Holdings (EYE) · Q2 2026
National Vision Holdings, Q2 2026: revenue $499M (+2% year over year), operating margin 4.3%, net earnings $12.4M, operating cash flow $8.1M. The chart follows the revenue to costs, profit and cash.
Warby Parker (WRBY) · Q3 2026
Warby Parker, Q3 2026: revenue $245M (+10% year over year), operating margin 1.5%, net earnings $5.6M, operating cash flow $24.7M. The chart follows the revenue to costs, profit and cash.
| National Vision Holdings (EYE) | Warby Parker (WRBY) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $499M | $245M |
| Revenue growth, Y/Y | +2% | +10% |
| Gross margin | — | 54.4% |
| Operating margin | 4.3% | 1.5% |
| Net earnings | $12.4M | $5.6M |
| Net margin | 2.5% | 2.3% |
| Operating cash flow | $8.1M | $24.7M |
| Market value | $1.4B | $3.1B |
| P/E | 28.7× | — |
| Analysts’ mean target | $27.50 | $31.92 |
Where the revenue comes from
National Vision Holdings
- Products: $403M (81%)
- Services and plans: $95.7M (19%)
Warby Parker
- Eyewear: $198M (81%)
- Contacts: $27.9M (11%)
- Eye care: $18.8M (8%)
Questions
Which is bigger, National Vision Holdings or Warby Parker?
National Vision Holdings is the larger company: $499M of revenue in its latest quarter (Q2 2026) against $245M for Warby Parker (Q3 2026).
Is National Vision Holdings or Warby Parker growing faster?
Warby Parker is growing faster (+10% against +2% a year earlier).
Which is more profitable, National Vision Holdings or Warby Parker?
National Vision Holdings is more profitable, with an operating margin of 4.3% against 1.5%.
More: National Vision Holdings earnings · how National Vision Holdings makes money · Warby Parker earnings · how Warby Parker makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.